Maxxie purchased a tract of land for $29,500. Today, the same land is worth $45,100. How many years have passed if the price of the land has increased at an annual rate of 5.7 percent? a. 6.56 years
b. 5.74 years
c. 6.81 years
d. 7.66 years
e. 6.89 years

On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.